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Swire sells part of Cathay Pacific stake for HK$1.8 billion to boost working capital

South China Morning PostEN 1 min read 100% complete by Harvey KongMarch 13, 2026 at 01:40 AM
Swire sells part of Cathay Pacific stake for HK$1.8 billion to boost working capital
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Swire Pacific sold 153.05 million shares of Cathay Pacific Airways for HK$1.8 billion on Thursday in Hong Kong. The sale, executed at HK$11.74 per share, represents a 9.6% discount from the previous day's trading price. Swire intends to use the proceeds to increase its working capital. This sale follows similar moves by Air China in January and Qatar Airways in November to reduce or eliminate their stakes in Cathay Pacific. After the transaction, Swire will retain approximately 45.12% ownership of Cathay Pacific and expects to gain HK$365 million from the sale.

Key Entities & Roles

Key Player Opposition Context
Hong Kong ×260% Cathay Pacific Airways ×370% Swire Pacific ×280%

Keywords

stake sale 90% working capital 80% cathay pacific 80% swire pacific 70% shares 60% stock exchange 50% air china 40% qatar airways 40%

Sentiment Analysis

Neutral
Score: 0.10

Source Transparency

Source
South China Morning Post
Classification Confidence
85%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis.

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stake saleworking capitalcathay pacificswire pacificsharesstock exchangeair chinaqatar airways
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